Locality

Latest news

This section features the latest news, comments and press releases from our offices around the world, covering all aspects of surveying practice and also current developments within RICS.

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In the close of 2017, the Department of Finance published a briefing on the Northern Ireland Budgetary Outlook 2018-20. The document sets out the broad issues and challenges that an incoming Executive will face in making decisions around a budget for 2018-19 and 2019-20 (and 2020-21 for Capital).

With Brexit negotiations now fully under way, a whole host of questions have arisen on how Brexit will affect the UK and the EU’s sustainability agenda, its existing commitments, and ambitions going forward.

Membership of the EU provides the UK with access to a number of EU funding streams – notably, the European Investment Bank (EIB) and European Structural and Investment Funds (ESIF). A loss of these funding streams could have negative consequences for infrastructure investment and development.

Northern Ireland’s construction sector stagnated for a second successive quarter as a lack of public spending continued to impact on the industry, according to the latest RICS and Tughans Northern Ireland Construction & Infrastructure Market Survey.

The triggering of Article 50 has today set the UK on a course to exit the European Union; it is essential that every effort is put into ensuring Northern Ireland’s best interests are secured as a Brexit deal is negotiated.

Occupier demand is declining in the office and retail sectors of the UK commercial property market, but conditions in the industrial segment remain firm, according to the Q2 2017 RICS UK Commercial Property Market Survey.

The outlook for the Northern Ireland housing market remains more buoyant than other UK regions despite a softening in the data for activity last month, according to RICS & Ulster Bank Residential Market Survey for September 2017.